You got JOKES !!81 Million Votes
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You got JOKES !!81 Million Votes
Some of you guys really have the victim mentality down to a T!
Fact check: Rising gas prices due to high demand and low supply, not Biden's policies
A post online claims the recent increase in gas prices is associated with President Joe Biden. This is false.www.usatoday.com
Gas Prices Keep Rising, and Experts Predict Even Higher Costs Down the Road
The last time drivers faced prices this high at gas stations was 2014.money.com
Now do how much of total imports came from Opec countries as the original question asked. You can find that in the 2nd paragraph of the same EiA data you pulled your number from.US imported 7.86MB/D in 2020…
Lowest amount since 1991. Off the U.S. Energy Admin Information Site.Now do how much of total imports came from Opec countries as the original question asked. You can find that in the 2nd paragraph of the same EiA data you pulled your number from.
In fact we net exported.In 2020, the US imported the least amount of oil since 1991.
That is off the US Energy Information Administration sight. I wanted to use a more realizable source like The USA Today….but…I.. hahahahahahahhHaha. Sorry, I couldn’t type that without laughing out loud!
My point is these Opec cutting production. Is a red herring. The US imported 800,000 bpd from Opec countries, less than 1 day of finished product sales by 1 major oil company US producers thrive at $50 oil, but when the US doesn’t produce, it allows the Opec cartel to price at$80 which enables the financial wherewithal to support the social state in Saudi, Russia, etc.Lowest amount since 1991. Off the U.S. Energy Admin Information Site.
I’m with you there. My response was through you to the poster you were engaged with who was trying to blame another president. I agree wholeheartedly with your point in this.My point is these Opec cutting production. Is a red herring. The US imported 800,000 bpd from Opec countries, less than 1 day of finished product sales by 1 major oil company US producers thrive at $50 oil, but when the US doesn’t produce, it allows the Opec cartel to price at$80 which enables the financial wherewithal to support the social state in Saudi, Russia, etc.
The US produces about 11.5M barrels a day from a high of 12.5M a day just before the pandemic…it uses 20M per day. You’re not even close here buddy…the US has significantly cut its oil/gas production. Maybe in the 650 million barrels per day range. That supply is out of the world market. Same demand chasing smaller quantity. Scarcity drives price.
I think the green concept gets fuzzy here. Same oil being consumed, not sure how that is better for environment. Actually US oil/gas production is more enviro friendly. This green win also hurts the US inflation and hurts foreign policy. But, the greenies feel good
How can Ukraine cause our gas prices to increase ? We get none from them.OPEC cut production by 10M barrels a day, then Ukraine caused price hikes. That’s the latest of issues
Specifically, why did gas go up from $1.95 gal to over $3.00?
Nobody does, but they are a huge transportation hub for oil & gas, as well as food products across Europe.How can Ukraine cause our gas prices to increase ? We get none from them.